Approximately $18 million in grants and loans have been awarded to affordable housing owners as part of the Inflation Reduction Act, announced the Department of Housing and Urban Development (HUD).

Today’s first wave of awards will help fund energy-efficiency and climate-resiliency upgrades at 28 properties with more than 3,400 HUD-assisted rental homes for low-income families, seniors, and persons with disabilities.

“As a part of President Biden’s historic investment in climate resiliency, HUD is building a more equitable and sustainable housing system. This first wave of funding will invest in properties by making resiliency upgrades like adding solar panels, updating heating and cooling, and replacing windows,” said HUD Secretary Marcia L. Fudge. “The Green and Resilient Retrofit Program (GRRP) advances our work to ensure low-income individuals and families have better access to healthy, energy-efficient, and resilient homes.”

The Inflation Reduction Act established the GRRP with more than $800 million in grant and loan subsidy funding and $4 billion in loan commitment authority. It is the first HUD program to simultaneously invest in energy efficiency, renewable energy generation, climate resilience, and low embodied carbon materials in HUD-assisted multifamily housing, according to the agency.

This is the first round of GRRP awards to be released, with additional rounds coming this year and in 2024.In this round, owners of properties participating in HUD’s Section 8 project-based rental assistance, Section 202 Supportive Housing for Low-Income Elderly, and Section 811 Supportive Housing for Low-Income Persons with Disabilities programs received funding commitments under the GRRP’s “Elements” award category.

Elements awards provide funding for property owners to include climate resilience and energy- and water-efficiency improvements at properties that are already in the process of a development or rehabilitation transaction.

Upgrades financed under the Elements category will support a range of improvements, such as the installation of heat-wave resilient cool roofs and fire-resistant roofs, on-site solar power systems, insulation and air sealing, heat pumps, energy-efficient windows, and similar upgrades.

Here is a list of the first-round award recipients:

Grantee
City
State
Property Name
Award Amount
Award Type
Vitus Group
Glendale
CA
Palmer Park
$ 331,635
Loan
Related Affordable
Waterbury
CT
Nottingham Towers
$ 743,283Loan
Enterprise Community Development
Washington
DC
Edgewood Commons V
$ 750,000
Loan
Colona House
East Moline
IL
Colona House
$ 660,807
Grant
Full Circle Communities
Chicago
IL
Brainerd Senior Center
$ 750,000
Loan
Preservation of Affordable Housing (POAH)
Chicago
IL
Island Terrace
$ 750,000
Grant
Related Affordable
Champaign
IL
Round Barn Manor Apartments
$ 750,000
Grant
Related Affordable
Kankakee
IL
Riverwoods Apartments
$ 552,313
Loan
Fountain Place
Connersville
IN
Fountain Place
$ 353,873
Grant
Fairstead
Louisville
KY
Chenoweth Woods Apartments
$ 750,000
Grant
Fairstead
Lexington
KY
Malabu Manor Apartments
$ 750,000
Grant
Enterprise Community Development
Baltimore
MD
Park Heights Place
$ 381,851
Loan
Enterprise Community Development
Baltimore
MD
Greens at Irvington Mews Phase II
$ 750,000
Loan
Forward Housing Preservation
Waldorf
MD
Wakefield Terrace
$ 750,000
Loan
Homes for America
Baltimore
MD
Foxwell Memorial Apartments
$ 314,268
Grant
Vitus Group
Coon Rapids
MN
Mississippi View
$ 714,351
Loan
McCormack Baron Salazar
St. Louis
MO
The Brewery Apartments
$ 750,000
Loan
Related Affordable
Kansas City
MO
Plaza Apartments
$ 576,669
Loan
SkylineFentonMOHawkins Village Apartments$ 523,069Loan
DelshahStaten IslandNYSt George Plaza$ 750,000Grant
DelshahStaten IslandNYParkhill II Apartments$ 750,000Grant
DelshahStaten IslandNYParkhill I Apartments$ 750,000Grant
L+M Fund ManagementNew YorkNYRevive 103$ 192,000Grant
Related AffordablePoughkeepsieNYRip Van Winkle House$ 647,700Loan
Essence DevelopmentToledoOHAlpha Towers$ 750,000Grant
POAHCincinnatiOHCommunity Manor Apartments$ 750,000Grant
POAHCincinnatiOHPendleton Estates Apartments$ 750,000Grant
Wesley LivingLexingtonTNWoodland Homes$ 750,000Grant

The program’s Notices of Funding Opportunity and additional guidance released on May 11, detail the multiple grant and loan funding options for which property owners may apply under the program’s three categories:

  • Elements provides funding to owners for proven and meaningful climate resilience and utility efficiency measures in projects that are already in the process of being recapitalized.
  • Leading Edge provides funding to owners with plans for ambitious retrofit activities to achieve an advanced green certification.
  • Comprehensive provides funding to properties with the highest need for climate resilience and utility efficiency upgrades, regardless of prior development or environmental retrofit experience.

HUD said property owners are encouraged to continue to submit applications for grant awards or loans in any of the three categories. HUD is accepting applications under one category each month for the duration of funding availability. HUD expects to announce awards regularly throughout this year and 2024, including awards under the Leading Edge category in the coming weeks.